As of the second quarter of 2024, Cambodia's public debt has reached US$11.27 billion, with a significant portion, 99%, classified as external debt amounting to US$11.16 billion. The Ministry of Economy and Finance reports that 47% of this debt is denominated in U.S. dollars, while 19% is in Special Drawing Rights (SDR), 11% in Chinese yuan, 11% in Japanese yen, 7% in euros, and the remaining 5% in other currencies [61b1a11f].
The Cambodian government has successfully secured US$313 million in new concessional loans during the first half of 2024, which represents 14% of the country's legal debt ceiling. These loans have an average grant element of 56%, indicating favorable terms for repayment [61b1a11f]. In terms of debt servicing, the country has paid US$50 million, reflecting a manageable financial obligation [61b1a11f].
The Ministry of Economy and Finance has emphasized that Cambodia's public debt remains sustainable and is classified as low risk. This assessment is bolstered by the fact that 63% of the debt is sourced from bilateral partners, while 37% comes from multilateral partners, showcasing a diverse funding base [61b1a11f].
Overall, the Cambodian government continues to maintain a positive outlook on its economic management and public debt strategy, positioning itself for sustainable growth in the coming years.